CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Cardia Startegic Review of Manufacturing Operations, page-10

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    the mentioned CR is not specifically linked to Brazil

    Following the Merger, the Company proposes to undertake a capital raising pursuant to a prospectus to raise approximately $3 million (Capital Raising). The proceeds of the Capital Raising will assist with funding future growth and working capital requirements of the Company.
    The Company intends to announce further details in respect of the Capital Raising (including a proposed timetable in respect of the Capital Raising process) on or about the date of dispatch of the notice of meeting.
 
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Currently unlisted public company.

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